SirTdl

Tax on investment gains 🇳🇿 NZ: 0% 🇸🇬 Singapore: 0%  🇨🇦 Canada: 27% max 🇬🇧 UK: 20% – 24% max 🇺🇸 US: 20% max 🇮🇱 Israel: 25% (Standard) ❌❌ 🇦🇺 Australia: 30% - 47% Labor’s new minimum capital gains tax is HIGHER than the max in most nations. Higher taxes = less investment.

Historic rejection of Labor’s bugdet. The Australian reports …… "Jim Chalmers and Anthony ­Albanese’s big-taxing budget has been rated the worst for the economy since 1993, with younger Australians unconvinced that Labor’s new measures will reduce inflation or deliver on ­intergenerational equity and housing".

@DavidViczz @NoelWhittaker Doesnt level anything - the 19 yr old is not better off

@NoelWhittaker Meanwhile 19 y olds without trusts are working jobs to get by and incurring a HECS debt that their mummy and daddy can't pay off for them. This is actually about levelling the playing field.

I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business

Let me get this straight..... If I invest 500k into a startup, take all the risk, put in years of work and become one of the very small % that succeed in a meaningful way — when I sell, under the new budget the government takes 47%. They funded nothing and took zero risk. On a 500k capital gain that's $235,000 gone. And here's the kicker: because a founder builds from nothing, there's almost no cost base to index. The new "inflation discount" shelters almost nothing for the people who actually build companies. It was designed to hit you hardest. If I take that same 500k to the casino and put it all on black and win, I make $500k and they tax nothing. The time to either win or lose is in seconds, and the outcome if I win is better. The probability of winning is 50% — far better odds than the startup, and a lot faster. So this government will back the gambling companies — they refuse to budge on their own findings and recommendations despite being in complete power — and they'll prop up gambling, but they'll shoot innovation in the head. Founders, leave now is the message. Fair? #auspol

@JEChalmers You are taxing more. Cause you cant stop spending

This is a Budget that makes the tax system fairer for workers, businesses and first homebuyers.

@JacintaAllanMP Paid with debt that students will need to pay for

BREAKING: Victoria will have the best paid teachers in Australia under a new pay deal.

@JEChalmers You and labor are the train wreck!

Angus Taylor can’t tell us how much his new tax policy costs or how he’ll pay for it. The speech didn’t survive an hour. An absolute train wreck. #auspol #ausecon

One Nation leads the nation! Wow. One Nation are now out in front! Growing numbers of Aussies are rightly done with the failures and broken promises associated with the uniparty. Change is coming!

Capital gains tax shouldn’t exist. I risk my money. I build the business. I make the investment. I do the work. I take the risk. So why the hell should the government take a cut of my success? They risk nothing. They create nothing. They just take. Parasites. F’en parasites.

@mormorlady @AlboMP @JEChalmers You need to re-read the policy. It doesn't help at all.

As an 81 year old I’m so relieved that Labor is helping my grandchildren aspire to owning their own home. Call it a broken promise if you want. I call it Bloody Good Policy Thank you @AlboMP @JEChalmers

15 rate rises means the average mortgage holder is paying $29,000 more per annum so a $250 Working Australian Tax Offset starting from July 2026 does. Why do billionaires get it too? Total interest bearing debt will be $300 billion higher by 2030 to $1.3 trillion. When adding off balance sheet liabilities we will be nudging $1.9 trillion. Tax revenue will rise by $130 billion out 2029/30. Expenditure by $120 billion. The more the government punishes private sector demand and increase government spending is the opposite of what the RBA Governor has been requesting. Cutting 26.8% government spending as % of GDP to 26.2% is still way above the long term average. Oil prices were $147.50 in 2008 well above the $107 today with similar inflation numbers.

Aussies: “We need to minimise immigration.” Gov: “No, we aren’t doing that.” Aussies: “Rent is too expensive.” Gov: “Good point. We’ll increase costs for landlords so they have to charge you more.” Aussies..."Electricity is too expensive" Gov..."We're committed to net zero...regardless of the cost to you!" Aussies: “I can’t keep up with the cost of living.” Gov: “Too bad. We can’t stop spending more than we’re making, so inflation will keep rising.” Aussies: “The NDIS is scamming taxpayers out of millions every year.” Gov: “Yeah, but we don’t want to offend the NDIS scammers — they might call us racist.” Aussies: “Okay fine, we gave you a chance. We’re voting @OneNationAus.” Gov: “You filthy, uneducated racist.”

@JacintaAllanMP Cuts is what we need!

Good morning to everyone except Jess Wilson and her Liberal plan for $40 billion of cuts to services Victorians rely on.

@Sarah_Haar_ How stupid. Applies to all assets with a new 30% min!!! Educate yourself eh

Don’t cry over possible changes to capital gains tax discounts without knowing how it even applies please. You pay CGT when you SELL a house that is NOT your main residence AND you make a PROFIT on the sale price. How often are YOU selling investment properties?

@SimonBanksHB Thus the reason they gave massive tax cuts!!! Thats what happens when you grow the economic pie

Just your friendly reminder that the Howard and Costello Government still comfortably retain the record for the highest taxing Budgets in Australian history With 24.2% of GDP in the 2004-05 and 2005-06 Budgets

@ALeighMP Sounds great!

One Nation’s first MP was a disendorsed Lib: Hanson. Its second was a disaffected Nat: Joyce. Its third, Farley, won on Coalition preferences. Now the Coalition won’t rule out governing with One Nation. The far right is a bundle deal. Vote for one, get all three. #auspol

DEFUND THE ABC What is a “big and dangerous mistake” is to "legitimise" the far-left propaganda machine known as the ABC with over a billion dollars of taxpayers’ money. The arrogance and stinking hide of these people is astonishing — their lavish lifestyles are funded by the very people they sneer at, and whose views they do not even consider legitimate. Enough is enough. It’s long past time to completely defund the ABC, strip it of its taxpayer teat, and force it onto a voluntary subscription model. If their “journalism” is so brilliant and unbiased, let the public who actually want it pay for it fund it themselves — instead of forcing every Australian to subsidise this partisan far-left echo chamber.

@MurrayWatt Sounds good!

If you vote Liberal or National, you’ll get One Nation.

If wind and solar were truly economically and engineeringly superior to fossil fuels, we wouldn’t be talking about a transition. We would be witnessing a wholesale acceptance. Think back to the great energy shifts of the past. We didn’t need global treaties to move from wood to coal, or from whale oil to kerosene. We didn’t need to demonise the forest to convince people to use a coal stove. The market moved because the new energy source offered higher energy density, lower cost and greater reliability. If renewables really were the 'cheapest form of energy' in town, as the narrative argues black and blue, the market would have pivoted years ago without a single subsidy. Capital investment always flows toward efficiency. Instead, we see persistent intermittency. We see huge, costly wind and solar arrays lying dormant when the winds are still, on cloudy days and at night. Only an ongoing dependence on coal, oil, and gas keeps the lights on. That is not a business plan. Without a massive, currently non-existent method for long-duration storage, wind and solar remain an adjunct to the grid - not the solution. We are essentially building two parallel grids: one for wind and sun, and a ghostly 'shadow grid' of coal and gas. This is the definition of engineering failure. The campaign to demonise CO2 served one function: when a product cannot compete on its own merits, you change the rules of the game. If you can’t make the new technology cheaper, you make existing technology illegal. True progress doesn't require a code red crisis to crush debate. It proves itself by providing energy and grid stability from Day 1. If renewables worked as advertised, the transition would be over in a week. Instead, we're being told to sacrifice national sovereignty, energy security, and our industrial base - trading away jobs for a flawed system that cannot survive for a day without a backup plan.

Australia’s Prime Minister Anthony Albanese is a liar and a sovereign investment risk. The PM now claims he didn’t lie when he stated he would not touch Negative Gearing or Capital Gains Tax. Watch the video - what’s your thoughts?